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Cable Update (GBPUSD)

  • #77,521
  • Jul 24, 2008 9:41am Jul 24, 2008 9:41am
Quoting Galeforce 10
When In Doubt -- STAY OUT

Unless you like giving your money away, then in that case feel free to send it to me.

Without a trading plan, confidence in that plan, and good money management you will never make it.

Demo and learn first, that is my advice, I hope you heed it.

Take care,

G10
tq and im on training now.. but now im train n learn with real money (actually its not a big money. start with $50, and balance now $300). coz i want to learn.. n experience the real emotion of trading. >.< (cmiiw)

since i open my account i hav no any additional deposit fund on my account. i hope i can keep that up.
and now, i cant break the $300 .. coz it'll always smack me down to the $200's floor +____+ (i'v been like this for more than 3 times.. 300.. 2xx..300.. 2xx.. 300..~).
please give me an advice.
..my friend says "its your emotional problem.."

and once more.. cmiiw..
  • #77,522
  • Jul 24, 2008 9:41am Jul 24, 2008 9:41am
Quoting bkg102665
Somebody big somewhere sure wants the dollar strong!!
I don't think it so much dollar strong as maybe pound weakness
  • #77,523
  • Jul 24, 2008 9:43am Jul 24, 2008 9:43am
yo-yo?
  • #77,524
  • Jul 24, 2008 9:45am Jul 24, 2008 9:45am
if i knew this was gonna yoyo like this i could have made 60 pips up and down ...now its negative
  • #77,525
  • Jul 24, 2008 9:46am Jul 24, 2008 9:46am
Quoting bkg102665
Somebody big somewhere sure wants the dollar strong!!
=_+ ..same as those who speak juz now..
which purposely arrange the speech right after the bad news released..
.
.
^^
  • #77,526
  • Jul 24, 2008 9:55am Jul 24, 2008 9:55am
the whole situation today of cable hanging there on 9830 seems a little scary... i dunno i sense something big coming
When life gives you lemons, make lemonade
  • #77,527
  • Jul 24, 2008 10:00am Jul 24, 2008 10:00am
14:50 GBP/USD: Resting On Technical Support Into The London Close London, July 24. A poor session for the Pound as any thoughts of tighter BoE policy evaporated in the light of a weak retail sales number. Cable fell nearly 180- points today and price is currently sitting on technical support at 1.9840-45. A daily trend support line, taken off the June 13 1.9410 low has been breached but a close below the line would signal a weak run into the weekend.
Looking ahead to the Friday session and we have U.K first quarter growth numbers. We are looking for a quarter on quarter pace of just 0.2% and an annual pick up of 1.5% from the 2.3% recorded for the last quarter of 2007. The data is unlikely to be Sterling supportive unless the growth is not as soft as expected. [email protected]
{Promotion Removed}
  • #77,528
  • Jul 24, 2008 10:02am Jul 24, 2008 10:02am
dont worry guys this is the maximum they can offer to keep a strong $$
am still looking for a flyin cable
  • #77,529
  • Jul 24, 2008 10:08am Jul 24, 2008 10:08am
Quoting warta
dont worry guys this is the maximum they can offer to keep a strong $$
am still looking for a flyin cable
15:05 GBP/USD: What A Difference A Day Makes; Well Offered New York, July 24.

What a difference a day makes. All of the relative strength that was seen in Sterling from Wednesday has been totally negated today with the currency getting hit hard across the board following the overnight developments. We had written in our commentary from Wednesday that the strength in Sterling was somewhat suspect with the currency rallying on the back of the surprising dissenting vote from Tim Besley to raise rates by 25bps. However, it was clear at the time and remains clear that the BoE has placed its priorities on growth.
A report from UK Treasury advisor David Miles who has been touted as a future MPC member, concluded that the neutral level of interest rates is below 5% for the first time in well over a decade. This strongly suggests that the BoE will be able to leave rates on hold or potentially lower rates in the future without falling below the neutral rate. This report in conjunction with the disastrous retail sales number have all but reaffirmed the dovish views and majority central bank opinion with David Blanchflower the other dissenter voting in favor of a rate cut at the previous meeting now looking all the wiser. [email protected]
{Promotion Removed}
  • #77,530
  • Jul 24, 2008 10:09am Jul 24, 2008 10:09am
what a silence hahaha , come on guys smile
  • #77,531
  • Jul 24, 2008 10:11am Jul 24, 2008 10:11am
Quoting warta
dont worry guys this is the maximum they can offer to keep a strong $$
am still looking for a flyin cable
Attached Image (click to enlarge)
Click to Enlarge Name: Flying_Down_to_Rio_Title.jpg Size: 135 KB
When life gives you lemons, make lemonade
  • #77,532
  • Jul 24, 2008 10:12am Jul 24, 2008 10:12am
Quoting warta
what a silence hahaha , come on guys smile
Patience + Discipline - Greed = Success
  • #77,533
  • Jul 24, 2008 10:13am Jul 24, 2008 10:13am
Quoting atif
15:05 GBP/USD: What A Difference A Day Makes; Well Offered New York, July 24.

What a difference a day makes. All of the relative strength that was seen in Sterling from Wednesday has been totally negated today with the currency getting hit hard across the board following the overnight developments. We had written in our commentary from Wednesday that the strength in Sterling was somewhat suspect with the currency rallying on the back of the surprising dissenting vote from Tim Besley to raise rates by 25bps. However, it was clear at the time and remains clear that the BoE has placed its priorities on growth.
A report from UK Treasury advisor David Miles who has been touted as a future MPC member, concluded that the neutral level of interest rates is below 5% for the first time in well over a decade. This strongly suggests that the BoE will be able to leave rates on hold or potentially lower rates in the future without falling below the neutral rate. This report in conjunction with the disastrous retail sales number have all but reaffirmed the dovish views and majority central bank opinion with David Blanchflower the other dissenter voting in favor of a rate cut at the previous meeting now looking all the wiser. [email protected]
whatever
  • #77,534
  • Jul 24, 2008 10:13am Jul 24, 2008 10:13am
Quoting warta
what a silence hahaha , come on guys smile
They cannot smile....They all long and overleveraged
  • #77,535
  • Jul 24, 2008 10:14am Jul 24, 2008 10:14am
Quoting Infinity

hey infinity hows u my friend
plz dont make a drama too hahahah
nice cotes :
smile and let the ither wonder what u hide in ur chart
  • #77,536
  • Jul 24, 2008 10:14am Jul 24, 2008 10:14am
Viva shorties........ crack 800 then 500 next week............
I Deeply Love My Virtual Life In Virtual World , RLC
  • #77,537
  • Jul 24, 2008 10:15am Jul 24, 2008 10:15am
Quoting warta
dont worry guys this is the maximum they can offer to keep a strong $$
am still looking for a flyin cable
I agree. Sorry, I've been taking care of family this morning.
Just digging in the trenches like everyone else!
  • #77,538
  • Jul 24, 2008 10:15am Jul 24, 2008 10:15am
i think everyone now like this...

http://sirlarfalot.co.uk/m_pictures/...ng_feeling.jpg
  • #77,539
  • Jul 24, 2008 10:16am Jul 24, 2008 10:16am
Quoting atif
I also couldn't understand for this bullish action. One says rate hike, One says rate cut and 7 person says hold.
How that could be bullish indication for future rate hike? It's 1-1 draw.
Market behave weird sometimes.
Just wait in next couple of days this bullishness will go away and they will forget about all this 7-1-1 crap. I don't buy it.
I am dovish with GBP until I see it fall to 1.97 level only then I will buy. Not before that.
Please read my previous post. I told you so...

Seeing the future is the key to success in Forex Market.
{Promotion Removed}
  • #77,540
  • Jul 24, 2008 10:17am Jul 24, 2008 10:17am
Quoting warta
hey infinity hows u my friend
plz dont make a drama too hahahah
nice cotes :
smile and let the ither wonder what u hide in ur chart
I'm great bro.....such a beautiful day...
Patience + Discipline - Greed = Success
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